This is an excellent summary of the case for buying Medtronic, but I would point out one minor inaccuracy. Medtronic's current price of $33.40 is not a ten year low, it is a six-year low. Its 52-week low of $24.06 was a ten year low.
However, its P/E ratio is at a ten+ year low and with a ten year earnings growth rate of 18% pa it is a solid buy under $45 for long term dividend investors.
I have been critical of this site in the past, calling it Seeking Bears because it seemingly provides a forum for short sellers. So it behooves me to compliment you for writing a positive article about the merits of long term investing in great companies. I hold 5 of the 7 stocks you mention, many of them for decades. Investing in high quality companies for the long term, and staying invested through troubled times like this, is the only way to achieve long term wealth. It is sad that too many of the people who write on this site don't feel the same way.
Medtronic's Healthy Future - Barron's [View article]
However, its P/E ratio is at a ten+ year low and with a ten year earnings growth rate of 18% pa it is a solid buy under $45 for long term dividend investors.
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